“ I question the desperate potential buyers of this equity..”
It comes in waves TH, prior to the revealing of the delay in Rett Syndrome approval there was angst in the “back room” I guarantee you even though hey still had/have measures to suppress the stock price in the event of RS approval.
Look at 5 year charts for HARP, ANVS, SAVA, and CDXC. You can throw out the huge greedy HFT trading during covid to “absorb” all the ez money but here, imo, you will see examples of ZERO angst or concern by large pharma in taking over companies with a promising product or pipeline. The HF’s did/are doing a nice and orderly transfer of wealth and control, textbook if you ask me through secondaries. Now look at a 5 year chart for AVXL. No secondaries and until the Rett announcement, which Rett Syndrome fda direction is not dead imo, we were on an uptrend. HF’s are having to work to transfer wealth through AF’s, lawsuits, MB trolls, etc. Are “they” sweating at night in their sleep, no but to only own 30ish % at this point, and no secondaries, is not where they wish to be on the heels of the EMA MAA application and ongoing talks with the FDA. I am positive as can be that “they” will hear/know way before us if there is movement in either agency towards goo news and that will be obvious with the turning of sentiment in the “fair and balanced” market towards our prospects. We should make every headline on Motley (Constant) Fools and the like. This will happen because the “fair and balanced” market does not like to be blindsided by small insignificant non revenue biotechs especially when they are towing the rope SOLO in applying for AD approval. The arrival of certain message board posters with huge number of followers ahead of time will fortell when we are near, the “tab keepers” if you will.
Anyways all this is just my humble opinion and in no way investment advice but Im in it to win it, not here to trade nickels and dimes clutching to every last dollar relying on my daily bank margin or AVXL’s MC as a justification for my “#Winning”.
Oh, and Dr. Missling should keep his salary and get more imo. One approval and he goes from a Zero to hero in the flick of a switch. What he is shouldering is not glamorous or trendy or even desired by the faint of heart. Bringing a successful AD to drug to market in a 14’ klamath boat up next to the 350’ ocean haulers is a monumental task but I want to be waiting at the pier to see the faces of those observing it.
Cheers
Tred
